Perdido 03

Tuesday, March 31, 2015

Looking to purchase a private aircraft or a luxury yacht? You may be in luck, courtesy of the new state budget agreement.

Lawmakers on Monday are set to pass a budget bill that includes a state tax break
on the purchase of small planes and big boats, which has drawn protest
from lawmakers and advocates who unsuccessfully pushed for an increase
in the minimum wage.

Under the bill, the purchase of a private airplane that seat fewer
than 20 people and can carry less than 6,000 pounds would be exempt from
sales tax. When it comes to boats, the amount of the purchase price
greater than $230,000 wouldn’t be subject to sales tax.